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Oct 8, 2013
10/13
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CNBC
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the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that something else that ee going to happen that will keep us from defaulgt on our national debt? >> a simple conversation between the two sides that sees things differently. right now that's the only thing that's missing. we invite harry reid. our appointees have been sitting at the table now for over a week waiting for senate negotiators to show up and they have not yet shown up. >> and they have said they will not do that until there's a continuing resolution and a debt ceiling bill passed in the house but you're saying that's not going happen until
the deficit is half what it was during the peak. we are spending less money this year than we spent in 2008. so there's been a lot of progress made and the idea that this is getting worse and wore worse and worse is borne out by the facts. >> speaker boehner said there will be no default. there's got to with middle ground somewhere. there's gog to be something done where either they have the continuing resolution passed, the debt ceiling raised or somethingless has to happen. what is that...
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Oct 8, 2013
10/13
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ALJAZAM
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hold again for deficit reduction talks for prize obama . on tuesday. thousands gathered at the capitol washington, d.c. to bring immigration reform. they are calling for a immigration reform act. it's calling for a bill to allow 11 million people t who live in the u.s. to live there lyle p l. >>> north korea's military is on high alert. >>> japan and the u.s. and south korea are about to engage in hostile activity. >> they made headlines for saying how the universe formed with the boson particle. today peter higgs and francoise englert won the nobel prize for their work. those are the headlines. real money with ali veshi is next. >> ali: the scenario no one in washington wants to face. who gets paid and who gets stiffed. military versus education. and how government dysfunction is affecting small business owners. >>> and america's founding fares. fathers. how the new benjamin will make it harder for criminals. i'm ali veshi, this is "real money." >>> this is "real money" you are always the important part of the show. please participate with us. join us
hold again for deficit reduction talks for prize obama . on tuesday. thousands gathered at the capitol washington, d.c. to bring immigration reform. they are calling for a immigration reform act. it's calling for a bill to allow 11 million people t who live in the u.s. to live there lyle p l. >>> north korea's military is on high alert. >>> japan and the u.s. and south korea are about to engage in hostile activity. >> they made headlines for saying how the universe...
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it was about how do we get a handle on our debt and the deficits? i actually great with everything. >> why did all your friends jump on him so bad then? >> i think people were misunderstanding what he was saying. i talked to paul today about it. he maid it clear that he was separating both issues. >> my feeling about that as well is he didn't include retch in that. is revenue off the table? >> probably. i hate to do this but because of the time of the program, i have to thank representative. we're delighted to have you back. next we cease fire. we look for common ground. we want to you weigh in on today's fire back question. would reaching the debt limit be catastrophic for the u.s. economy? tweet yes or no using hash tag crossfire. we'll have the results after the break. la's known definitely for its traffic, congestion, for the smog. but there are a lot of people that do ride the bus. and now that the buses are running on natural gas, they don't throw out as much pollution into the air. so i feel good. i feel like i'm doing my part to help out the
it was about how do we get a handle on our debt and the deficits? i actually great with everything. >> why did all your friends jump on him so bad then? >> i think people were misunderstanding what he was saying. i talked to paul today about it. he maid it clear that he was separating both issues. >> my feeling about that as well is he didn't include retch in that. is revenue off the table? >> probably. i hate to do this but because of the time of the program, i have to...
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Oct 16, 2013
10/13
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ALJAZAM
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eye 99
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but he firmly believes the balance when it comes to further reducing our deficits and building on the work that has been done over the past four years in which we have reduced our deficits by half we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that subject. that's always been his position, and it will be his position moving forward. >> thanks, jay. can you give us a little color how the president was informed of the deal, who told him, what his reaction was? >> no. >> none? >> right now we're looking to capitol hill for action to be taken. the president, as you know, has been in contact with leaders in congress, as have members of his team. we're encouraged by the congress we've seen, and we hope that it is fulfilled through votes both in the senate and the house. >> can you tell us how he was involved in the process? >> he has had meetings with leaders of congress, he has had phone calls with leaders of congress. he invited all members of both houses to the white house. it is also the case that we don't inform you of eve
but he firmly believes the balance when it comes to further reducing our deficits and building on the work that has been done over the past four years in which we have reduced our deficits by half we need to continue to take a balanced approach so that no sector of society unfairly has to bear the brunt of that subject. that's always been his position, and it will be his position moving forward. >> thanks, jay. can you give us a little color how the president was informed of the deal, who...
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Oct 9, 2013
10/13
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FOXNEWSW
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he promised to cut the deficit in half. but he doubled it. >> the man who warned you about president obama and what a second term would be like. former governor presidential candidate mitt romney is here for an exclusive interview you don't want to miss, as we continue. straight ahead. ♪ [ male announcer ] may your lights always be green. [ tires reech ] ♪ [ beeping ] ♪ may you never be stuck behind a stinky truck. [ beeping ] ♪ may things always go your way. but it's good to be prepared... just in case they don't. toyota. let's go places, safely. but it's good to be prepared... just in case they don't. could save you fifteen percent or more on car insurance. mmmhmmm...everybody knows that. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. >>> and welcome back to "hannity," while white house and the liberal mainstream friends continue to place the blame on the re
he promised to cut the deficit in half. but he doubled it. >> the man who warned you about president obama and what a second term would be like. former governor presidential candidate mitt romney is here for an exclusive interview you don't want to miss, as we continue. straight ahead. ♪ [ male announcer ] may your lights always be green. [ tires reech ] ♪ [ beeping ] ♪ may you never be stuck behind a stinky truck. [ beeping ] ♪ may things always go your way. but it's good to be...
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Oct 14, 2013
10/13
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MSNBCW
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eye 86
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the problem is not that our deficits are going up. our deficits have been cut in half since i came into office and are continuing to go down. the problem is not that there's not the opportunity for us to work intelligently to come up with a budget while investing in stability and growth, the problem is we've seen this brinksmanship as a strategy time and time again to try to extract extreme or partisan concessions. and i think the american people have made very clear that's not how we expect washington to do business. there are going to be differences between the problems. there's differences in terms of budget priorities. we don't need to inflict pain on the american people or risk the possibility that america's full faith and credit is damaged just because one side is not getting its way. not only is it untenable to continue the shutdown next week if we don't start making real progress in the house and the senate and if republicans aren't willing to set aside some of their partisan concerns in order to do what's right for the countr
the problem is not that our deficits are going up. our deficits have been cut in half since i came into office and are continuing to go down. the problem is not that there's not the opportunity for us to work intelligently to come up with a budget while investing in stability and growth, the problem is we've seen this brinksmanship as a strategy time and time again to try to extract extreme or partisan concessions. and i think the american people have made very clear that's not how we expect...
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Oct 8, 2013
10/13
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CSPAN
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don't ignore this deficit. instead, let's act responsibly in fixing the trust fund, putting hundreds of thousands of americans to work at family wage jobs, rebuilding and renewing america's infrastructure, making a safer, healthier and more economically -- making us safer, healthier and more economically secure. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from north carolina, ms. foxx, for five minutes. ms. foxx: thank you, mr. chairman. just because the president and senate refuse to talk to the house of representatives doesn't mean we're going to stop doing the people's work. we'll continue to make the case that there's no rational or acceptable reason for the president and senate to deny working families fair treatment under obamacare. just as the president decided to give big businesses one year to ready themselves for all of obamacare's drastic changes, the american people should have that same year. it's basic fairness, and while the senate refuses to meet with
don't ignore this deficit. instead, let's act responsibly in fixing the trust fund, putting hundreds of thousands of americans to work at family wage jobs, rebuilding and renewing america's infrastructure, making a safer, healthier and more economically -- making us safer, healthier and more economically secure. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from north carolina, ms. foxx, for five minutes. ms. foxx: thank you, mr. chairman. just because...
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Oct 8, 2013
10/13
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CSPAN2
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already agreed to $2.5 interest of that in deficit reduction over the next ten years. over half of that has already been achieved. when my friends on the other side of the aisle act as if nothing is happening, i first have to say the deficit has been cut in half. and secondly, that over half of our long-term goal on the debt has been achieved. and we need to keep going. now, we don't need to shut the government down to do that. we don't need to default on our debts of the greatest country in the world to do that. we need to just work together to do that, which is why we would say that we just need to open the government, pay our bills and continue to negotiate. let's negotiate. but it is a continuation of negotiating. because in fact weakening the full faith and credit of the united states of america -- think about that. the greatest country in the world. the full faith and credit of the united states of america, that's been the highest standard in the world when you say the full faith and credit of the united states of america. and right now there are folks playing ru
already agreed to $2.5 interest of that in deficit reduction over the next ten years. over half of that has already been achieved. when my friends on the other side of the aisle act as if nothing is happening, i first have to say the deficit has been cut in half. and secondly, that over half of our long-term goal on the debt has been achieved. and we need to keep going. now, we don't need to shut the government down to do that. we don't need to default on our debts of the greatest country in...
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Oct 12, 2013
10/13
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FBC
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the deficit promises to have that trillion dollar deficit that he inherited. so far he has given us four stight years of trillion dollar deficits and three-quarters of a trillion in the most recent fiscal year team obama promised stimulus would bring unemployment bowles 6%. it is now at%. and the president promised to %-$20,500 for a typical family. do you remember that? the result, they have risen by $3,000. i, frankly, cannot remember such a president having served before . as a matter of fact, i don't believe there has never been a president who talks so much into has done so little. we continue in one moment. america's chief a executive overseeing an operation that is mismanaged, and competent, abusive, nearly bankrupt, and still shut down. the best seller of the amateur, ed klein explains the obama esidency. ♪ lou: my next guest says setting downhe government has been president obama's strategy along trying to demonize the republican party and win back the house next year. joing us now is the author of the new york times bestseller, the amateur commend
the deficit promises to have that trillion dollar deficit that he inherited. so far he has given us four stight years of trillion dollar deficits and three-quarters of a trillion in the most recent fiscal year team obama promised stimulus would bring unemployment bowles 6%. it is now at%. and the president promised to %-$20,500 for a typical family. do you remember that? the result, they have risen by $3,000. i, frankly, cannot remember such a president having served before . as a matter of...
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Oct 15, 2013
10/13
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CSPAN2
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>> caller: yes, the deficit. i think we need to cut the deficit. cut spending and raise taxes. but two republicans are raising taxes, and the other side is to cut spending. and i guess i am a minority there. and i'm talking and i appreciate listening to your guests. >> guest: if we can't make him a centrist, this is going to work. what i want to do is give him a party that he would be excited about. one is exactly right about. most of america goes to the general election and they say that they're going to hold their nose. they are going to say what the other guy said, doesn't bother me more, so the republican here, i'm going to pretend and i can't put words in his mouth, i'm going to ignore their view on gay marriage because the budgets it and trim budget deficit matters most. and then you're going to say i care a lot about this and i'm going to ignore the teachers unions. so everyone is ignoring something. i thought he said it beautifully. the idea is that dirty talk about the fiscal situation that we will start with simpson-bowles. we feel that the candidate that would go to
>> caller: yes, the deficit. i think we need to cut the deficit. cut spending and raise taxes. but two republicans are raising taxes, and the other side is to cut spending. and i guess i am a minority there. and i'm talking and i appreciate listening to your guests. >> guest: if we can't make him a centrist, this is going to work. what i want to do is give him a party that he would be excited about. one is exactly right about. most of america goes to the general election and they...
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Oct 11, 2013
10/13
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FBC
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already starting from something of a deficit out there. so this does not help the situation at all. and now corn price is coming down. there will be more demand for ranchers to graze cattle. you know, the head may not be out there. cheryl: i'm sure i will give more of a mission over the weekend. thank you. very much. i'd like you o stick around. we have to talk about a gold. what happened? this was insane. you get this report from credit -- credit suisse saying the u.s. government to start selling gold reserves. thee you have all of this crazy like to minutes of enceinte trading until this morning. then it was halted for a few seconds. what happened. >> had to second call on gold, this massive sell order that came in. some people blame that article. now, a couple of years ago this kind of article would have been a black alike doctor. seriously, the u.s., you know, that is about as likely. but if you look in some of the biggest down movements that we have seen since we have this major correction, a is always surrounded by a story about a central bank's summer selling gold. remember a
already starting from something of a deficit out there. so this does not help the situation at all. and now corn price is coming down. there will be more demand for ranchers to graze cattle. you know, the head may not be out there. cheryl: i'm sure i will give more of a mission over the weekend. thank you. very much. i'd like you o stick around. we have to talk about a gold. what happened? this was insane. you get this report from credit -- credit suisse saying the u.s. government to start...
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Oct 15, 2013
10/13
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KQEH
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number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no real deal on reopening the government, companies big and small are left in the lurch. and they can't make long-term spending and planning decisions. mary thompson has more. >> reporter: as lawmakers battle over the budget, the corporations face a struggle of their own, how to plan for next year. here is the ceo trader, bill gerber. >> i think people are just not able to assess because the markets are so uncertain, on where they should be, the type of environment they should be in. so people get in a wait and see mode. >> reporter: for over a year, americans kept a tight grip on the
number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no...
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Oct 10, 2013
10/13
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CNN
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. >> democrats would have to agree to negotiations on how to reduce the deficit. president obama signaled he would be open to that. >> the president is fond of say nothing one gets everything they want in a negotiation. frankly, i agree with that, nobody gets everything they want. but over the course of the last ten days we've been trying to have conversations with our democrat colleagues. they don't want to talk. the president doesn't want to talk. we tried to offer bills that would reopen parts of the government, only to have them rejected by our counterparts over the united states senate. so what we want to do is to offer the president today the ability to move, a temporary increase in the debt ceiling, in agreement to go to conference on the budget. >> so there is a lot that is happening today. we're waiting for today's white house briefing that is expected to start in any moment now. also waiting for house republicans, including speaker john boehner, going to go to the white house in the 4:00 hour to talk to the president, and the president invited the entire
. >> democrats would have to agree to negotiations on how to reduce the deficit. president obama signaled he would be open to that. >> the president is fond of say nothing one gets everything they want in a negotiation. frankly, i agree with that, nobody gets everything they want. but over the course of the last ten days we've been trying to have conversations with our democrat colleagues. they don't want to talk. the president doesn't want to talk. we tried to offer bills that...
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Oct 16, 2013
10/13
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CNBC
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the president talks about we've cut our deficits in half during his presidency. that was done during a debt ceiling debate two years ago. during this one, that debate did not occur. we have missed a moment. we've got to find times when we look at how much debt is piled up to slow down and talk it and say how do we talk about the growth of the spending we have. that didn't occur thisti >> congressman, it was clear when we saw harry reid talking in a sober way about the new budget conference committee that now meets that he's trying to say look, what we're offering the gop, but what is the atmosphere like within the house gop at the moment? because from the outside, it looks like you went in, you took the pain on behalf of the party well, see it in the polls, by shutting the government down for two weeks. and yet you haven't really from the outside it appears come away with a big prize. i mean, what do you think of the tack it ticks and does speaker boehner keep his job? >> i think he does keep his job. i don't think that's at risk at this point. we're navigating t
the president talks about we've cut our deficits in half during his presidency. that was done during a debt ceiling debate two years ago. during this one, that debate did not occur. we have missed a moment. we've got to find times when we look at how much debt is piled up to slow down and talk it and say how do we talk about the growth of the spending we have. that didn't occur thisti >> congressman, it was clear when we saw harry reid talking in a sober way about the new budget...
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Oct 16, 2013
10/13
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FOXNEWSW
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good to come on. >> on the deficit, we have a president that was threatening to default when the money was there. that had to be in fitch's calculations. >> thank you so much, sir. >> thank you, megyn, really appreciate you, love your show. >> thank you so much, we get a first video of the president facing tough questions about his role and some of the ugliness in washington, wait until you see his take on it, in moments. jc: lunch at that one restaurant we all like? rojc: i'm your coworker! c'mon guys. i'm driving. hey, you guys comfortable? it's best-in-class rear legro. and with a turbo engine that gets 35 highway m-p-g. you know j.d. power ranked passat the most appealing midsize car two years in a row? i bet, uh, dan here wishes somebody found him most appealing two years in a row. ron: it's ron jc: ron... exactly. vo: get 0 down, 0 due at signing, 0 deposit, and 0 first month's payment on passat or any new 2014 volkswagen. her busy saturday begins with back pain, when... hey pam, you should take advil. why? you can take four advil for all day relief. so i should give up my two al
good to come on. >> on the deficit, we have a president that was threatening to default when the money was there. that had to be in fitch's calculations. >> thank you so much, sir. >> thank you, megyn, really appreciate you, love your show. >> thank you so much, we get a first video of the president facing tough questions about his role and some of the ugliness in washington, wait until you see his take on it, in moments. jc: lunch at that one restaurant we all like?...
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Oct 14, 2013
10/13
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WZDC
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eye 120
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number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no real deal on reopening the government, companies big and small are left in the lurch. and they can't make long-term spending and planning decisions. mary thompson has more. >> reporter: as lawmakers battle over the budget, the corporations face a struggle of their own, how to plan for next year. here is the ceo trader, bill gerber. >> i think people are just not able to assess because the markets are so uncertain, on where they should be, the type of environment they should be in. so people get in a wait and see mode. >> reporter: for over a year, americans kept a tight grip on the
number two, despite the budget deficit, it is plummeting. we get the numbers on the previous fiscal year, these will be shocking figures showing that the deficit is falling dramatically. >> in a few words, greg, does the government open by the end of the week and what if there is no deal, real quickly? >> yeah, i think it opens by the end of the week, but we still have a lot to get done. >> all right, chief strategist at the potomac group research. >>> and with no...
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Oct 8, 2013
10/13
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FOXNEWSW
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but there was in fact another negotiation in 2011 that resulted in the largest deficit reduction bill we have seen in the last 30 years. but in 2010, when democrats control the congress, and president obama was in the white house, what happened was a group of moderate democrats in the house wouldn't agree to raise the debt limit without a negotiation. so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is, there's goes to -- going to be a negotiation here. we can't raise the debt ceiling without doing something about what is driving us to borrow more money and to live beyond our means. the idea that we should continue to spend money we don't have, and give the bill to our kids and grandkids, would be wrong. this isn't about me and the -- frankly it's not about republicans. this is about saving the future for our kids and grandkids, and the only way that is going to happen is that in fact to have a conversation. so, it's time to have that conversation. not next week, not next month. the conversation ought to start today. and i'm hop
but there was in fact another negotiation in 2011 that resulted in the largest deficit reduction bill we have seen in the last 30 years. but in 2010, when democrats control the congress, and president obama was in the white house, what happened was a group of moderate democrats in the house wouldn't agree to raise the debt limit without a negotiation. so there was a negotiation then amongst democrats over raising the debt ceiling. the long and short of it is, there's goes to -- going to be a...
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Oct 15, 2013
10/13
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ALJAZAM
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eye 90
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. >> we say deficit debt, they are not interchangeable terms. >> the deficit is how much is taken in each year. the debt is the accumulation of that over all years. >> question number two - there's a lot of misconinterpretation about this - who holds this debt? i hear often people say the chinese hold all of our debt. is that true? >> no, there's $17 billion in debt - sorry, trillion in debt. about $5 trillion is held by the government, the social security trust fund, for example. the $12 trillion held by the public - some by the chinese, japanese, a lot by foreign central banks because they back their currency with dollars. the rest investours - mutual retirees. >> it's not simply. when you look at the graphic it's sorted out in different ways than people expect. >> there's no majority holder. >> question number three - is the debt going up. >> absolutely. there's a $750 billion deficit this year. billion. >> when we hear from the white house, this notion that the debt ceiling increase is to pay off debts that have been incurred, is that true or false. >> not. the existing debt fina
. >> we say deficit debt, they are not interchangeable terms. >> the deficit is how much is taken in each year. the debt is the accumulation of that over all years. >> question number two - there's a lot of misconinterpretation about this - who holds this debt? i hear often people say the chinese hold all of our debt. is that true? >> no, there's $17 billion in debt - sorry, trillion in debt. about $5 trillion is held by the government, the social security trust fund,...
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Oct 16, 2013
10/13
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ALJAZAM
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. >> right, all of those by the way, everybody's suggestion spends less or cuts the deficit than the current budget we've been running on for the last four years. everything that we're doing is enter than what we're doing right now. >> pretty much. every one of those spending plans requires people to make a decision to cut spending in something. so you've got democrats who won't let anybody cut spending on education or on social security, god forbid we reach social security age. republicans do not want to cut any spending on defense. they're funding programs that the leaders of the military want cuts but they won't let them cut because their jobs depend on it. >> all jobs are local. >> default means nobody has to say i want to cut this. >> the most dangerous decision is the least politically harmful for some people. those who were okay to default can go only and say i stood up on principle. >> we've seen members of congress completely unwilling to stand up and say i'm willing to risk my job to do the right thing for the country. >> that's right. don't go far we're going to keep an ey
. >> right, all of those by the way, everybody's suggestion spends less or cuts the deficit than the current budget we've been running on for the last four years. everything that we're doing is enter than what we're doing right now. >> pretty much. every one of those spending plans requires people to make a decision to cut spending in something. so you've got democrats who won't let anybody cut spending on education or on social security, god forbid we reach social security age....
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Oct 15, 2013
10/13
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KICU
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as retailers sweat out losses from the government shutdown..veterans are also counting deficits from the debt debate. usa today reports-- veterans of war are planning a rally at the national world war ii memorial today. veterans groups say military members and their families are coping with delayed disability pay, gi bill education stipends and other benefits. if the nation defaults on its debt-- 5.1 million veterans will not receive checks as well as surviving spouses and children. boeing is accused of overcharging the government. according to a report obtained by bloomberg news -- boeing overstated estimates of new components for ch-47f chinook helicopter. and, primarily installed used parts under a $4.4 billion government contract. a boeing spokesman tells bloomberg it disagrees with the ig's conclusions. the report by the inspector general -- also blames defense agencies and military services for lax negotaitons. it's been 15 years since big tobacco agreed to pay out billions to settle claims of lying about the dangers of cigarettes. according to a report from n-p-r, $100 billion
as retailers sweat out losses from the government shutdown..veterans are also counting deficits from the debt debate. usa today reports-- veterans of war are planning a rally at the national world war ii memorial today. veterans groups say military members and their families are coping with delayed disability pay, gi bill education stipends and other benefits. if the nation defaults on its debt-- 5.1 million veterans will not receive checks as well as surviving spouses and children. boeing is...
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Oct 10, 2013
10/13
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WETA
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and they're instead talking about long term deficit reduction. you could imagine a deal that includes reopening the government probably, dealing with the debt ceiling certainly in the short term maybe even in the longer term and then you set up some kind of deficit commission that doesn't even need to succeed. the problem with the deficit commission succeeding is the ly way you get a grand bargain is a combination of spending cuts and revenue increases. if republicans say we will not agree to any revenue increases then you can't have a long term deficit deal either but maybe you can have a commission that can investigate it and that will be enough of an out that the republicans will be willing to raise the debt ceiling. >> charlie, it seemsto me that we're not going to get a deal until financial markets really start to sell off. i mean, i don't know that they're going to really feel the pressure unless they see stock prices falling on a daily basis and bond yield starting to rise. so i think that's a precondition for it. the thing that makes me m
and they're instead talking about long term deficit reduction. you could imagine a deal that includes reopening the government probably, dealing with the debt ceiling certainly in the short term maybe even in the longer term and then you set up some kind of deficit commission that doesn't even need to succeed. the problem with the deficit commission succeeding is the ly way you get a grand bargain is a combination of spending cuts and revenue increases. if republicans say we will not agree to...
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Oct 16, 2013
10/13
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the debt is down, deficit's down. all that good stuff is happening. the only reason they call us into question is because of politics. >> as always. thank you, steve liesman, from cnbc. thank you so much. >> pleasure. >> next up right here, house democratic leader nancy pelosi. we'll ask her how she plans to get the senate deal through the house. she's holding the cards. stay with us. as a working mom of two young boys life could be hectic. angie's list saves me a lot of time. after reading all the reviews i know i'm making the right choice. online or on the phone, we help you hire right the first time. with honest reviews on over 720 local services. keeping up with these two is more than a full time job, and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. ugh! actually progresso's soup has pretty bold flavor. i love bold flavors! i'd love it if you'd open the chute! [ male announcer ] progresso. surprisingly bold fl
the debt is down, deficit's down. all that good stuff is happening. the only reason they call us into question is because of politics. >> as always. thank you, steve liesman, from cnbc. thank you so much. >> pleasure. >> next up right here, house democratic leader nancy pelosi. we'll ask her how she plans to get the senate deal through the house. she's holding the cards. stay with us. as a working mom of two young boys life could be hectic. angie's list saves me a lot of time....
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Oct 16, 2013
10/13
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CNBC
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half the deficit. now we still have a problem of debt to gdp. >> yes. >> being higher than 100%. >> and debt growth outstripping growth by far -- >> coming down to -- >> let me finish one over point. fitch points out 100% is lower than it was back when they last talked about this 2011 and still consistent with a aaa rating. put that in your pipe and smoke it. >> after he spoke following harry reid we've had the first period of double -- two-year deficit reduction, best year of two-year deficit reduction since the korean war. >> right. >> and you know -- >> two years. >> a lot of people have been saying that for some time now but nobody's paying attention to it. >> significantly it puts a lie to the notion of government spending bebeing out of control. at 20.8% government spending as a percent of gdp is on the 30-year average. >> that's the point i was trying to make. >> last word to jimmy and then wrap it up. >> by the end of the decade they get tough. >> right. we saw a problem with entitlements. thes
half the deficit. now we still have a problem of debt to gdp. >> yes. >> being higher than 100%. >> and debt growth outstripping growth by far -- >> coming down to -- >> let me finish one over point. fitch points out 100% is lower than it was back when they last talked about this 2011 and still consistent with a aaa rating. put that in your pipe and smoke it. >> after he spoke following harry reid we've had the first period of double -- two-year deficit...
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Oct 14, 2013
10/13
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with no break in the gridlock, the co-chairs of president obama's deficit commission are taking action. erskine bowles and alan simpleson are launching a new ad tomorrow to tout their solution of fixing the debt. >> for crying out loud, erskine, who's not fed up with what's going on in washington? >> these politicians are playing games. >> ignoring all the long-term problems we face. >> al, it's going to take some real political courage for folks to start working together. >> joining me now is republican congressman reid ribble. sir, it's great to have you here. they're talking about more people joining together and working together. we saw congressman peter king on "morning joe" today also saying that this cannot go on. basically giving the same message about trying to work together and breaking through some of the rhetoric. take a listen. >> we, as republicans, have to anticipate there's going to be another one of these in six weeks or eight weeks or three months, whatever it is. we just can't have republicans, national republicans credit sieg -- criticizing the system or saying this
with no break in the gridlock, the co-chairs of president obama's deficit commission are taking action. erskine bowles and alan simpleson are launching a new ad tomorrow to tout their solution of fixing the debt. >> for crying out loud, erskine, who's not fed up with what's going on in washington? >> these politicians are playing games. >> ignoring all the long-term problems we face. >> al, it's going to take some real political courage for folks to start working...
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Oct 9, 2013
10/13
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CSPAN
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we are running $1 trillion deficit every year. we take in $1 trillion less than we spend. $1 trillion less than we spend. if your household brings in $100,000, you're spending $25,000 more every single year as a ratio, more than you bring in. i ask the american people, mr. speaker, how long can you stand? how long can you stand? so even if we agree that it's a good law and many of us don't, that's fair. but even if we agree it's a good law, how will we pay for it? that's the question. congress' job, this house, this senate, is to craft legislation and determine our spending riorities and spending levels. that's our job. the other gentleman said, you know, read the -- haven't read the constitution or we -- it's in the constitution. it's very simple. that's our job. with all due respect to the president, i've got to tell you it does not help, again, we are going to have to work together. it's for the sake of our nation. it does not help to be lectured to about what we must do here according to the president when it's exactly what he
we are running $1 trillion deficit every year. we take in $1 trillion less than we spend. $1 trillion less than we spend. if your household brings in $100,000, you're spending $25,000 more every single year as a ratio, more than you bring in. i ask the american people, mr. speaker, how long can you stand? how long can you stand? so even if we agree that it's a good law and many of us don't, that's fair. but even if we agree it's a good law, how will we pay for it? that's the question. congress'...
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Oct 13, 2013
10/13
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i just don't want the republicans to do it in their typical ro canal way where th talk about deficits and how the couny is going to come crashing down. talk about it as an opportunity. say here i a way to pay down social securitas in gve people a way toopt out of it and have their own personal accounts. here is also aay to grow the economy, to pay off the onerous promises. thproblem is republicanset fixated on deficits and voters don't believe them. >> sabrina, we have all the promises that we have made. $60 trillion by the wayf unfunded promises that we hav made. we have to de with entitlements at some point. that is at the heart of the debt crisis. >> we do. we spend 60% of the federal program on the progm. cial security, medicare and medicaid. but we need to do in a way that is strategic. american peoe want to see the programs survive and do it in a way that do n destroy the economy or crush them with taxation. we did research that found this is a great way to increase popular suprt for spendingestraint in general. by talking about how to reign in entitlement spending. >> be specif
i just don't want the republicans to do it in their typical ro canal way where th talk about deficits and how the couny is going to come crashing down. talk about it as an opportunity. say here i a way to pay down social securitas in gve people a way toopt out of it and have their own personal accounts. here is also aay to grow the economy, to pay off the onerous promises. thproblem is republicanset fixated on deficits and voters don't believe them. >> sabrina, we have all the promises...
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Oct 14, 2013
10/13
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that is one of the biggest reasons the deficit will come down. seven charles payne, thank you very much. the house is on fire. cheryl: the president is set to meet with some congressional leaders. that is about an hour and a half from now. stay with us. ♪ [ male announr ] once, there was a man who found a mag seashell. it told him what was happening on the tradg floor in real time. ♪ thehell brought him great fame. ♪ but then, o day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell wentack being a...shell. get live squawks right in your trading platform with think or swim frm td aritrade. ...amelia... neil and buzz: for teaching uthat you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comfort
that is one of the biggest reasons the deficit will come down. seven charles payne, thank you very much. the house is on fire. cheryl: the president is set to meet with some congressional leaders. that is about an hour and a half from now. stay with us. ♪ [ male announr ] once, there was a man who found a mag seashell. it told him what was happening on the tradg floor in real time. ♪ thehell brought him great fame. ♪ but then, o day, he noticed that everybody could have a magic seashell....
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Oct 14, 2013
10/13
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ALJAZAM
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the problem is not that our deficits are going up. our deficits have actually been cut in half since i came into office and are continuing to go down. the problem is not that there's not the opportunity for us to work intelligently to come up with a budget that comes long term fiscal stability while still investing in growth. the problem is that we've seen this brinksmanship as a strategy time and time again to try to extract extreme or partisan concessions. and i think the american people have made very clear that's not how we expect washington to do business. there are going to be differences between the parties. there's going to be differences in terms of budget priorities but we don't need to inflict the pain on the american people or risk the possibility that america's full faith and credit is damaged just because one side isn't getting its way and not only is it untenable for us to continue this shutdown, this week, if we don't start making some real progress both in the house and in the senate, and if republicans aren't willing
the problem is not that our deficits are going up. our deficits have actually been cut in half since i came into office and are continuing to go down. the problem is not that there's not the opportunity for us to work intelligently to come up with a budget that comes long term fiscal stability while still investing in growth. the problem is that we've seen this brinksmanship as a strategy time and time again to try to extract extreme or partisan concessions. and i think the american people have...
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Oct 8, 2013
10/13
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you want to reduce the deficit, invest in education. you want to increase the deficit? cut education. but let's sit down and talk about that. and the path to get there is one that says, say yes to 986, we did, your number, said accept our offer, we won't offer any instruction to the committee, but don't continue to be the tea party of no. mr. speaker, get -- i hope that the speaker -- is that allowed, mr. speaker? i hope the speaker will give us a vote so we can see where this congress stands on the serious responsibility that we have and that the republicans will even accept what they are asking us to accept. this rule should be voted down. this commission is a joke. whether you call it the ted cruz commission or the super-- superin what way? certainly not super in meeting the needs of the american people. to recap. a, we're giving 200 votes for your number. take yes for an answer. b, speaker doesn't want any conditions or discussion or anything else on the floor about the budget, we're willing to accept that. take yes for an answer. with that i ask for a no vote on th
you want to reduce the deficit, invest in education. you want to increase the deficit? cut education. but let's sit down and talk about that. and the path to get there is one that says, say yes to 986, we did, your number, said accept our offer, we won't offer any instruction to the committee, but don't continue to be the tea party of no. mr. speaker, get -- i hope that the speaker -- is that allowed, mr. speaker? i hope the speaker will give us a vote so we can see where this congress stands...
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Oct 8, 2013
10/13
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WMAR
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we put a dent if the deficit yesterday. right -- dent in the deficit yesterday. it's chilly out there in this morning. make sure to have the jacket andsweater. 51 in monrovia and in terms of the wind, we are light to calm as of now and winds will be out of the north and will pick up into the afternoon. we are talking 5 to 15 miles per hour. than is what it look like in terms of the temperature change. so yesterday at this time well this time today we are 24 degrees lower than when we were yesterday. so starting off we had temperatures in the 70s in a lot of spots and upper 60s so we are 24 degrees below lower this morning in baltimore. 17 in easton and this is what the planner looks like for today. yes, we are going to be waking up to sunshine but we will have that sun cloud mix going throughout the day as we will have a battle of wills high pleasure from the north and west and low pressure from the south. but by the time we hid mid- morning we will be at 61 and 66 and dry by lunchtime. let's check the traffic with mike. >> reporter: let's look from 695 all the w
we put a dent if the deficit yesterday. right -- dent in the deficit yesterday. it's chilly out there in this morning. make sure to have the jacket andsweater. 51 in monrovia and in terms of the wind, we are light to calm as of now and winds will be out of the north and will pick up into the afternoon. we are talking 5 to 15 miles per hour. than is what it look like in terms of the temperature change. so yesterday at this time well this time today we are 24 degrees lower than when we were...
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Oct 16, 2013
10/13
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and our deficit. so i'm on a mission to address this, max, and i put together the america first plan, and it's something that you can holding your hand. it can be evaluated. it can be scored by cbo. it can be critiqued, and it will be the democrats will find things to like and don't like. republicans will find things they like and don't like. the point is that has bipartisan appeal, and really that's the way we're going to get something done is if we find enough democrats in the house to get something over the curb, so to speak. the same in the senate to find republicans who will support something. gridlock would be all right if we were in a safe place and going and a safe direction. we are neither in a safe place nor are we going in a safe direction. so gridlock is unacceptable. so in my public service i am determined and have a resolve to find common ground. i'm convinced that it exists. sometimes our parties help us find it more often than not i think they can be an impediment. so got to put americ
and our deficit. so i'm on a mission to address this, max, and i put together the america first plan, and it's something that you can holding your hand. it can be evaluated. it can be scored by cbo. it can be critiqued, and it will be the democrats will find things to like and don't like. republicans will find things they like and don't like. the point is that has bipartisan appeal, and really that's the way we're going to get something done is if we find enough democrats in the house to get...
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Oct 15, 2013
10/13
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where does the $17 trillion deficit come from? ell the recession cost trillions in wealth and millions of job. under president obama we had 7.5 million job crease ated unlike the bush years when there wasn't a single job cree eated. in the last 12 month the country lost 4.6 million jobs. america has accumulated an 8.4 -- an $8.4 trillion deficit since 1975 and racked up $4 trillion in unpaid for war spending. what's the republican idea? shut down the government, don't pay the bills. we need to restore regular order, move bills to create jobs and keep america's promises to our debtors. let's nurse our nation back to health. the speaker pro tempore: members are reminded to heed the gavel. the gentlewoman's time has expire. members are remined to please heed the gavel. for what purpose does the gentleman from arizona seek recognition? >> i ask unanimous consent to address the house for one hin. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. it is time for us to come
where does the $17 trillion deficit come from? ell the recession cost trillions in wealth and millions of job. under president obama we had 7.5 million job crease ated unlike the bush years when there wasn't a single job cree eated. in the last 12 month the country lost 4.6 million jobs. america has accumulated an 8.4 -- an $8.4 trillion deficit since 1975 and racked up $4 trillion in unpaid for war spending. what's the republican idea? shut down the government, don't pay the bills. we need to...
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we have to get our deficit under control. we need to reduce the slope of those deficits related to gdp and to show when we are going to land in a balanced situation. our children and grandchildren can star repaving this debt, not keep adding to it. cheryl: the deadline is approaching, we will be watching you and other house republicans as well. congressman collins, thank you for being here. went to everybody know we mentioned at the top of the show we found out the president will be speaking and taking questions at 2:00 eastern time. we will bring all of that to you in its entire alive on fox business. dennis: has the government shutdown created a buying opportunity in stocks? randy bateman joins us now. thanks for being with us. warren buffett says when everyone else is fearful you should get greedy. is now the time to apply that mantra? >> i'm not sure everybody is fearful. they should have been fearful in 2009 when the market was going to collapse. if you think about it the person who initiated that particular warning was
we have to get our deficit under control. we need to reduce the slope of those deficits related to gdp and to show when we are going to land in a balanced situation. our children and grandchildren can star repaving this debt, not keep adding to it. cheryl: the deadline is approaching, we will be watching you and other house republicans as well. congressman collins, thank you for being here. went to everybody know we mentioned at the top of the show we found out the president will be speaking...
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Oct 8, 2013
10/13
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but don't pretend as if america's going bankrupt at a time when the deficits have been cut in half. that's what the american people i think expect, is just civility, common sense, give and take, compromise toes aren't dirt y dirty words. there's nothing wrong with them. and i think the american people understand, i may not -- i may. i have flaws. michelle will tell you. one of them is not that i'm unwilling to compromise. i've been willing to compromise my entire political career. and i don't believe that i have the answers to everything and it's my way or the highway. but i'm not going to breach a basic principle that would weaken the presidency, change our democracy, and do great damage to ordinary people just in order to go along with what the house republicans are talking about. >> i did ask specifically about china. and i'm wondering whether -- to what extent is our loss their gain? >> you know, i'm sure the chinese don't mind that i'm not there right now. in the sense that, you know, there are areas where we have differences and they can present their point of view and not get
but don't pretend as if america's going bankrupt at a time when the deficits have been cut in half. that's what the american people i think expect, is just civility, common sense, give and take, compromise toes aren't dirt y dirty words. there's nothing wrong with them. and i think the american people understand, i may not -- i may. i have flaws. michelle will tell you. one of them is not that i'm unwilling to compromise. i've been willing to compromise my entire political career. and i don't...
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Oct 14, 2013
10/13
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address the underlying problems that are driving our deficit and our debt. as part of a debt ceiling agreement, we need to have savings and reforms that underlie -- that underlie our problem, our problem that we're spending more than we take in. we can't just raise the debt ceiling for another year at a trillion dollars in debt to the debt that we already have of $17 trillion. it's kind of like going to the bank. you know, when you go to the bank, you talk to the banker, you say hey, i want a loan. i want to increase the loan i have. i want to raise my credit limit. the banker would say to you, well, he may be willing to give you the loan, but he is going to say to you what are you going to do to address the underlying problem, the problem you have that you are spending more than you're taking in? what are you going to do to address that? and i'm pretty sure if you said to the banker, if you said well, i'm not going to do anything to address it, you might have a hard time getting the loan, right? and that's true whether you're a family, that's true whether y
address the underlying problems that are driving our deficit and our debt. as part of a debt ceiling agreement, we need to have savings and reforms that underlie -- that underlie our problem, our problem that we're spending more than we take in. we can't just raise the debt ceiling for another year at a trillion dollars in debt to the debt that we already have of $17 trillion. it's kind of like going to the bank. you know, when you go to the bank, you talk to the banker, you say hey, i want a...